Deutsche Bank eyes fund custody license in China by year-end
GC understands Deutsche Bank has devoted a significant amount of investment to build up its local fund custody platform in China.
GC understands Deutsche Bank has devoted a significant amount of investment to build up its local fund custody platform in China.
Performance was driven by its private markets business and the implementation of an integrated banking model.
The addition will help support several of DTCC’s projects as it seeks to transform the securities post-trade process.
The new role comes as a growing number of banks step up their exploration of DLT solutions and servicing tokenised assets.
HSBC has recently been named the securities services provider for several new landmark ETF launches across APAC.
State Street will expand its client coverage model, initially devised for its largest 50 buy-side clients, to 150 clients with AUM between $50-100 billion.
Custody and fund administrations assets rise 13% year-on-year as securities services firms seem to have performed well during Q3.
BNY Mellon's Todd Gibbons explained investment into new data and analytics products will help expand new revenue streams.
TCS has extended its SaaS cloud-based asset servicing platform to include custody and settlements.
The mandate follows Northern Trust’s recent revamping of its insurance servicing platform and the launch of new cloud-based reporting and data applications.